https://www.taxtmi.com/caselaws?id=26563 The High Court of Kerala ruled in favor of the assessee-trust, determining that the interest income accrued on the provident fund was not subject to income tax in the trust's hands. The court held that the interest was received for the benefit of the employees who contributed to the fund, forming part of their individual accounts within the trust. The judgment emphasized the trust's custodial role and clarified that the interest income was not taxable as it belonged to the contributories rather than constituting income of the trust itself. en-us Wed, 15 Jan 1986 00:00:00 +0530 Sat, 06 Feb 2010 10:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26563 The High Court of Kerala ruled in favor of the assessee-trust, determining that the interest income accrued on the provident fund was not subject to income tax in the trust's hands. The court held that the interest was received for the benefit of the employees who contributed to the fund, forming part of their individual accounts within the trust. The judgment emphasized the trust's custodial role and clarified that the interest income was not taxable as it belonged to the contributories rather than constituting income of the trust itself. Case-Laws Income Tax Wed, 15 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26563